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New Brunswick : Industrial Snapshot - Q1 2013

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New Brunswick : Industrial Snapshot - Q1 2013

According to TD Economics, New Brunswick’s economy has been struggling to move ahead, and this year will be no exception. The province’s lack of employment opportunities is forcing people in New Brunswick to search for employment elsewhere. This, coupled with the fact that New Brunswick has the second highest number of persons aged 65 and over in Canada, resulted in zero population growth in 2012 - with no expected improvement for 2013. This is the dawn of a new chapter for the province, with a 50 year run of major capital in power plants, mining, and highways now complete. However, on a more positive note, some improvements can be expected with new prospects for the province’s export sector. The TransCanada Pipeline extension is one aspect of the new generation economic base.

Source : Cushman & Wakefield

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